Question
Upon graduating from college, you make an annual salary of $51,454. You set a goal to double it in the future. If your salary increases
Upon graduating from college, you make an annual salary of $51,454. You set a goal to double it in the future. If your salary increases at an average annual rate of 8.28 percent, how long will it take to reach your goal. Round the answer to two decimal places. Please show work.
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Handbook Of The Economics Of Finance
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
044459406X, 978-0444594068
